The FinTech Hub
Source: Live Mint Every March, the same story repeats.I open YouTube and search: “How to save tax?” Soon, I’m watching five different videos giving five different strategies. One suggests ELSS, another pushes insurance, and yet another is throwing formulas like a coaching class. By the end, I’m more confused than when I started. So this…
Source: Live Mint As the tax season approaches, the average salaried employee finds themselves juggling with a plethora of documents, doubts and deadlines. Amid this maze of essential documents, Form 16 stands out, not just as an indispensable and routine TDS certificate but also as a powerful guide to assist in filing your income tax…
Source: Live Mint Filing your Income Tax Return (ITR) digitally i.e., online is easier than ever. This has been made possible due to the artificial intelligence driven user friendly portals and step by step guidance provided by the Income Tax Department. It is important to keep in mind that you do not need to hire…
Source: Live Mint While buying a property one not only uses all his past savings but also commits his substantial future savings, in the form of EMI (Equated monthly instalment) if a home loan is taken. For most of us this is a once in a lifetime investment having lifelong implications. The laws applicable for…
Source: Live Mint As the last date to file income tax return (ITR) on Sept 15 looms closer, taxpayers can file their tax returns using ITR-1 or ITR-4. Notably, excel utilities of other income tax forms have yet not been released including the ones for ITR-2 and ITR-3. To be able to file their income…
Source: Live Mint The Income Tax (I-T) department has already extended the due date to file income tax return for FY 2024-25 from July 31, 2025, to September 15, 2025. And thanks to the extension given on May 27, there will obviously be no interest or penalty payable for filing income tax return after July…
Source: Live Mint Q. I am working as Branch Manager in one of the SBI branches and I have one problem regarding the payment of rent of the building of the branch. Please advise me in this regard. The history of the case is as follows: The owners of the building are A, B and…
Source: Live Mint Income Tax: Although taxpayers have a little less than three months before they can file their income tax return (ITR) prior to Sept 15, there are a few tax forms (ITR-2 and ITR-3) whose online utilities have yet not been enabled. The good news, however, is that income tax (I-T) department has…
Source: Live Mint Q. I have been an NRI for the past 24 years. I have some NRE and FCNR deposits which will mature after 1-April-2026. If I come back to India in July 2025 for good, my residential status for AY-2026-2027 will be Resident but Not Ordinary Resident (RNOR). Do I have to liquidate…
Source: Live Mint Income Tax (I-T) department has released online utilities for ITR-1 and ITR-4 but not yet for ITR-2 and ITR-3. As soon as they are released, taxpayers are recommended to start the process of filing their tax returns, suggests Preeti Sharma, Partner, Global Employer Services, Tax & Regulatory Services of BDO India. In…
